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It’s more complicated than that, though. There’s a middle ground where more affordable housing absolutely attracts residents and causes a housing shortage. It’
by smelendez 2y ago
It’s more complicated than that, though. There’s a middle ground where more affordable housing absolutely attracts residents and causes a housing shortage.
It’s more obvious in neighborhoods. Think of areas in Brooklyn where luxury housing gets built. People see their friends moving there and rich people amenities moving in, and bid up the price of existing, cheaper housing.
That can happen with cities too. Your friends move to City X because it’s cheap, you visit and love it, move there even though it’s not as cheap anymore. The influx of new residents creates new amenities including jobs, housing doesn’t keep up, now it’s more expensive.
- cyberax 2y ago> It’s more complicated than that, though. It's really not. Really. Some things are just black&white. > There’s a middle ground where more affordable housing absolutely attracts residents and causes a housing shortage. Nope. There isn't. You won't build "affordable" housing by increasing density. You can build subsidized housing projects, where somebody _else_ pays for them. But that's it. Want cheaper housing? Build suburbs and exurbs, and force companies to spread out of The Downtowns. There are no other options.